British Pound Falls to 31-Year Low on Brexit Concerns

The British pound fell to a 31-year low against the U.S. dollar late Tuesday as concerns about the impact of the United Kingdom’s exit from the European Union rose.

In late trading Tuesday in New York, the pound fell to $1.2729. On Sunday, U.K. Prime Minister Theresa May set a March 2017 deadline for the country to begin the process of exiting the European Union and indicated that controlling immigration would be a higher priority than maintaining its privileged access to its largest trading partner.

The pound sterling has dropped 14% against the dollar and 13% against the euro since the June 23 Brexit vote.

It was love at first sight and the most unexpected encounter I’ve ever had at a hotel. Sally, a Chihuahua mix, was living large in the reception area of the Westin Mission Hills Golf Resort and Spa, looking for a guest to adopt as part of the hotel’s pet adoption program.
Sally let me take her for a walk around the property’s beautiful grounds and it was clear that we enjoyed …

Pan Am, the nation’s unofficial flag carrier and a cultural icon, ceased operations on Wednesday (December 4) after what could only be described as a tumultuous decade both for both the airline and the airline industry. It is the second major U.S. airline to cease operations this year.
Had Frequent Business Traveler existed in 1991, some 25 years ago, that could have been the lead paragraph of the top news story …